Nifty50 view for 05/04/22
Nifty has given a nice closing above 18000 levels.
After a initial buying it retraced its fib level of 0.368 and 20 ema on a 15 minute time frame.
If market cross and closes above 18140 Resisitance level it can run further.
Support :- 17900, 17800
Resistance :- 18135-40, 18320.
Today high can be treated as a resistance. Watch for a double top or breakout near the levels.
After a initial buying it retraced its fib level of 0.368 and 20 ema on a 15 minute time frame.
If market cross and closes above 18140 Resisitance level it can run further.
Support :- 17900, 17800
Resistance :- 18135-40, 18320.
Today high can be treated as a resistance. Watch for a double top or breakout near the levels.
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